Tuesday: Traders reduce bets Fed will cut in June

US Treasury yields and the dollar rose overnight as traders pared back expectations of the Fed’s rate cuts. Japan’s Nikkei closed up over 2.5% on expectations of a dovish Bank of Japan hike today, and the RBA is set to hold, but maintain a tightening bias In our bonus deep dive interview, ANZ Senior Economist Miles Workman says New Zealand is at risk of a credit rating downgrade because of a high current account deficit. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/